Can I retire at age 50 with 886,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $886,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$73,165$72,513$71,877$71,257$70,651$68,036
2 years$36,220$35,546$34,892$34,258$33,643$31,038
3 years$23,907$23,230$22,577$21,950$21,345$18,832
4 years$17,752$17,076$16,431$15,813$15,223$12,821
5 years$14,059$13,388$12,751$12,146$11,572$9,288
6 years$11,599$10,932$10,305$9,713$9,157$6,991
7 years$9,842$9,181$8,563$7,986$7,447$5,400
8 years$8,524$7,870$7,262$6,699$6,178$4,247
9 years$7,501$6,852$6,255$5,706$5,203$3,386
10 years$6,682$6,040$5,453$4,919$4,433$2,726
11 years$6,013$5,377$4,801$4,281$3,813$2,213
12 years$5,455$4,826$4,261$3,755$3,304$1,807
13 years$4,984$4,361$3,807$3,315$2,881$1,483
14 years$4,580$3,964$3,420$2,943$2,526$1,222
15 years$4,231$3,621$3,088$2,624$2,224$1,010
16 years$3,925$3,323$2,800$2,350$1,965$837
17 years$3,656$3,060$2,548$2,111$1,743$695
18 years$3,417$2,828$2,326$1,903$1,549$578
19 years$3,203$2,621$2,129$1,719$1,381$481
20 years$3,011$2,435$1,954$1,557$1,234$401
21 years$2,838$2,268$1,797$1,413$1,104$335
22 years$2,680$2,117$1,656$1,285$989$280
23 years$2,536$1,980$1,529$1,170$888$234
24 years$2,405$1,855$1,414$1,067$798$196
25 years$2,284$1,741$1,310$975$718$164
26 years$2,173$1,636$1,215$891$647$137
27 years$2,070$1,540$1,128$816$583$115
28 years$1,975$1,451$1,049$747$526$96
29 years$1,886$1,369$976$685$475$81
30 years$1,804$1,293$909$629$430$68
31 years$1,726$1,222$848$578$388$57
32 years$1,654$1,156$791$531$351$48
33 years$1,587$1,095$738$488$318$40
34 years$1,523$1,038$690$449$288$33
35 years$1,463$985$645$414$261$28
36 years$1,407$934$603$381$236$23
37 years$1,354$888$565$351$214$20
38 years$1,304$843$529$323$194$17
39 years$1,256$802$496$298$176$14
40 years$1,211$763$464$275$160$12
41 years$1,169$726$435$254$145$10
42 years$1,128$692$409$234$131$8
43 years$1,089$659$383$216$119$7
44 years$1,053$628$360$200$108$6
45 years$1,018$599$338$184$98$5
46 years$984$572$317$170$89$4
47 years$952$545$298$157$81$3
48 years$922$521$280$145$74$3
49 years$893$497$263$134$67$2
50 years$865$475$248$124$61$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $886,000, adding $5,568 every year, while hoping to spend $21,787 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 63/28/9 Blend
49$886,000$886,000$886,000$886,000
50$982,115$935,157$921,424$1,041,759
51$1,059,110$957,799$929,111$1,104,921
52$1,143,228$980,820$936,325$1,170,813
53$1,235,172$1,004,215$943,027$1,242,202
54$1,335,718$1,027,980$949,177$1,319,623
55$1,445,719$1,052,108$954,731$1,403,660
56$1,566,112$1,076,592$959,645$1,494,960
57$1,697,934$1,101,423$963,871$1,594,233
58$1,842,321$1,126,590$967,359$1,702,264
59$2,000,529$1,152,084$970,056$1,819,913
60$2,173,938$1,177,891$971,908$1,948,132
61$2,364,069$1,203,998$972,857$2,087,967
62$2,572,598$1,230,388$972,841$2,240,571
63$2,801,370$1,257,044$971,799$2,407,214
64$3,052,417$1,283,946$969,661$2,589,295
65$3,327,978$1,311,074$966,360$2,788,355
66$3,630,519$1,338,404$961,820$3,006,094
67$3,962,757$1,365,911$955,966$3,244,382
68$4,327,684$1,393,566$948,716$3,505,282
69$4,728,596$1,421,339$939,986$3,791,064
70$5,169,124$1,449,196$929,688$4,104,234
71$5,653,271$1,477,103$917,728$4,447,548
72$6,185,442$1,505,019$904,010$4,824,047
73$6,770,495$1,532,902$888,431$5,237,080
74$7,413,778$1,560,707$870,886$5,690,337
75$8,121,186$1,588,384$851,264$6,187,887
76$8,899,212$1,615,880$829,446$6,734,211
77$9,755,011$1,643,138$805,313$7,334,248
78$10,696,467$1,670,096$778,735$7,993,442
79$11,732,264$1,696,688$749,580$8,717,789
80$12,871,972$1,722,843$717,708$9,513,902
81$14,126,136$1,748,485$682,974$10,389,063
82$15,506,372$1,773,531$645,224$11,351,302
83$17,025,483$1,797,895$604,300$12,409,464
84$18,697,573$1,821,483$560,035$13,573,300
85$20,538,185$1,844,195$512,255$14,853,554
86$22,564,442$1,865,923$460,779$16,262,067
87$24,795,216$1,886,554$405,415$17,811,890
88$27,251,299$1,905,966$345,968$19,517,402
89$29,955,602$1,924,029$282,228$21,394,455
90$32,933,370$1,940,603$213,980$23,460,513
91$36,212,424$1,955,543$140,998$25,734,826
92$39,823,416$1,968,689$63,046$28,238,609
93$43,800,125$1,979,876$0$30,995,240
94$48,179,772$1,988,924$0$34,032,418
95$53,003,373$1,995,645$0$37,383,192
96$58,316,122$1,999,837$0$41,072,818
97$64,167,823$2,001,286$0$45,135,810
98$70,613,357$1,999,765$0$49,610,203
99$77,713,199$1,995,032$0$54,537,912
100$85,533,989$1,986,832$0$59,965,126